A man named Peter Schiff, who knows a lot about money and doesn't really like digital coins called Bitcoin, says that people who have a lot of these coins might lose their money if the value of Bitcoin goes down and it can't stay at $60,000 or more. He is warning them to be careful because there could be a big fall in the price. Read from source...

1. The title is misleading and sensationalized, aiming to attract attention and create fear among Bitcoin investors. Schiff is not a reliable source for cryptocurrency analysis, as he has consistently dismissed and criticized digital assets throughout the years. He does not understand or appreciate the value proposition of decentralized money and financial systems.

- Sell all Bitcoin positions immediately and switch to gold or cash. The risk of losing money is too high in the current market conditions. Peter Schiff's warning is not unfounded, as he has a track record of being right about economic trends and asset prices. His analysis suggests that Bitcoin could plummet to below $30,000 if it fails to hold $60,000 as support. This would be a disaster for investors who bought in at higher levels and are hoping for a continued rally to new all-time highs.

- Consider investing in gold or cash as alternative stores of value. Gold is often seen as a hedge against inflation and economic uncertainty, while cash provides liquidity and safety in times of crisis. Both assets have historically performed well during periods of market turmoil and geopolitical tensions. They also offer dividends and interest income that can help offset inflationary pressures and provide a source of passive income.